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Verizon Is Possibly Interested In Acquiring Or Partnering With AOL

Verizon Is Possibly Interested In Acquiring Or Partnering With AOL
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Verizon Communications Inc. (NYSE: VZ) is interested in acquiring AOL, Inc. (NYSE: AOL) or taking part in a joint venture according to Bloomberg.

Bloomberg emphasized that a deal is not imminent and that AOL was approached informally. Nonetheless, shares of AOL last traded 11.8 percent higher in the after hours session at $50.

The report claims that Verizon is interested in working with AOL to boost its online content, mobile video and advertising. At the end of 2013, Verizon acquired a mobile video service called OnCue from Intel to serve a similar purpose.

If Verizon is to acquire AOL, it would not be the first time the tech giant has tried to partner. Several years ago, AOL was a part of Time Warner, and activist investors are currently suggesting the company partner with Yahoo.

Verizon & AOL Stock Prices | FindTheBest

Posted-In: OnCueNews M&A Hot Best of Benzinga


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